02 / MARKET RESEARCH

Markets beyond crypto.

HIP-3 & RWA-linked markets. Explore what each contract tracks, where activity sits and how prices move.

Deployer depth ↗
Loading market observations…
Snapshot Not suppliedPublic data sources

Unavailable

Source & details

Public data sources

Source time
Not supplied
Retrieved
Not supplied

The source did not supply a measurement time. The snapshot date records when we received it.

Filtered volume · 24h—USDC · rolling turnover
Filtered open interest—USDC · mark-valued notional
Markets in this view—0 returned deployers

0 / 0 returned USDC markets classified · 0 unclassified. RWA-linked share keeps the same quote-wide denominator when you filter.

01 / ACTIVITY & COMPOSITION

Where activity sits.

USDC · All asset classes · All returned deployers. Compare one currency at a time.

24h volume by asset class

USDC · All asset classes · All returned deployers

No observations returned.
Category comparisonUSDC

No observations returned for this dataset.

No observations to inspect.
Chart optionsbar

Category comparison · reporting period follows the selected dataset.

Unavailable

Source & details

Hyperliquid · asset contexts / Liquid Data · reviewed trade[XYZ] taxonomy · USDC

Source time
Not supplied
Retrieved
Not supplied

The source did not supply a measurement time. The snapshot date records when we received it.

Returned HIP-3 markets only; unavailable venues are excluded. 0 filtered markets. Missing values are not zero. Amounts retain USDC units. 0/0 returned market contexts have a recent stream observation. Other contexts retain their own snapshot times. Aggregate receipt is the oldest contributing observation; source times are not supplied. Classification reviewed 2026-10-16; unreviewed markets stay unclassified.

A category stays unavailable if any contributing value is missing. Composition percentages are withheld until all filtered values are known.

Category comparison. The reporting period follows the selected dataset; this is not time-series history.

Inspect observations (0)
Column headings sort the displayed rows. Missing values stay last.

24h volume by deployer

USDC · All asset classes · All returned deployers

No observations returned.
Category comparisonUSDC

No observations returned for this dataset.

No observations to inspect.
Chart optionsbar

Category comparison · reporting period follows the selected dataset.

Unavailable

Source & details

Hyperliquid · asset contexts / Liquid Data · reviewed trade[XYZ] taxonomy · USDC

Source time
Not supplied
Retrieved
Not supplied

The source did not supply a measurement time. The snapshot date records when we received it.

Returned HIP-3 markets only; unavailable venues are excluded. 0 filtered markets. Missing values are not zero. Amounts retain USDC units. 0/0 returned market contexts have a recent stream observation. Other contexts retain their own snapshot times. Aggregate receipt is the oldest contributing observation; source times are not supplied. Classification reviewed 2026-10-16; unreviewed markets stay unclassified.

The seven largest returned deployers and a combined remainder, within the filtered markets and one currency. This is activity, not deployer fee income.

Category comparison. The reporting period follows the selected dataset; this is not time-series history.

Inspect observations (0)
Column headings sort the displayed rows. Missing values stay last.
02 / EXPLORE THE INSTRUMENTS

Find your market.

0 matching markets

Select a column to sort. Inspect opens price history below; Terminal opens the full chart. Funding: positive means longs pay, negative means shorts pay.

Asset classContract priceExplore

Loading the market catalog…

03 / FOLLOW A CONTRACT

Price through time.

Price history only · other figures remain current

Choose a matching market to inspect its history.

04 / POSITIONING

Who pays to hold?

Current hourly funding

USDC · All asset classes · All returned deployers · largest absolute rates

No observations returned.
Category comparison% / hour

No observations returned for this dataset.

No observations to inspect.
Chart optionsbar

Category comparison · reporting period follows the selected dataset.

Unavailable

Source & details

Hyperliquid · asset contexts / Liquid Data · reviewed trade[XYZ] taxonomy · % / hour

Source time
Not supplied
Retrieved
Not supplied

The source did not supply a measurement time. The snapshot date records when we received it.

Returned HIP-3 markets only; unavailable venues are excluded. 0 filtered markets. Missing values are not zero. Amounts retain USDC units. 0/0 returned market contexts have a recent stream observation. Other contexts retain their own snapshot times. Aggregate receipt is the oldest contributing observation; source times are not supplied. Classification reviewed 2026-10-16; unreviewed markets stay unclassified. Rates use the source-returned hourly value without multiplying by an assumed deployer factor.

Positive: longs pay shorts. Negative: shorts pay longs. Current hourly rates are not future returns. Up to 12 markets ranked by absolute rate; missing rates are excluded.

Category comparison. The reporting period follows the selected dataset; this is not time-series history.

Inspect observations (0)
Column headings sort the displayed rows. Missing values stay last.
Definitions, classification & coverage

What counts as RWA-linked?

Here it means reviewed perpetual exposure to equities, equity indices, commodities and FX. These contracts do not give ownership of the referenced assets. HIP-3 describes deployment, not an asset class.

Share = reviewed RWA-linked 24h volume ÷ all returned HIP-3 volume in USDC. Unclassified markets remain in the denominator. Search, asset-class and deployer filters affect the other charts, but not this quote-wide share.

A reviewed starting set

29 exact trade[XYZ] market IDs were reviewed on 2026-10-16. The current catalog determines which are shown. Other IDs remain unclassified; familiar tickers are not assigned automatically.

“Other” is reserved for a verified exposure outside the named categories. The review is not complete coverage of every deployer. Unknown references may also be RWA-linked.

trade[XYZ] contract specifications ↗

Read the unit before comparing

Volume is the source’s rolling 24h notional. Open interest is returned position size × mark price, in the contract’s quote/collateral currency. Neither is net capital deposited. Quotes are kept separate and Unknown-currency aggregates are withheld.

Contract prices are not always dollar prices: JPY references yen per dollar, while equity indices use index points. Inspect a market for its reviewed reference basis.

Current observations and history

Composition, volume, open interest and funding are current observations. Only the price-history panel follows 7D/30D/90D. Missing fields, unavailable venues and unrecorded candles remain explicit. Source measurement times are not supplied for market contexts; aggregate receipts use the oldest contributor.

Hyperliquid HIP-3 documentation ↗Current source health ↗
ConnectingFeed details

Waiting for streaming market data.

Perpetual contexts and available spot reference prices stream. Individual figures retain their own receipt times. Protocol cards refresh public sources independently; historical charts and issuer reports keep their reporting dates.

Continue the research

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